You are here: Home > articles > Elliott Wave > Elliott wave analysis of EUR/NZD for January 22 – 2015
Elliott wave analysis of EUR/NZD for January 22 – 2015
January 22, 2015 8:10 amVideo
Latest News
- Trading Signals for GOLD (XAU/USD) for April 15-17, 2024: buy above $2,328 (200 EMA – 5/8 Murray) April 15, 2024
- Video market update for April 15, 2024 April 15, 2024
- Trading Signals for GBP/USD for April 15-17, 2024: buy above 1.2450 (21 SMA – 0/8 Murray) April 15, 2024
- The dollar has not reached its potential April 15, 2024
- Analysis of GBP/USD. April 15th. Retail sales in the USA allow the dollar to continue rising April 15, 2024
- China’s Q1 GDP growth next on the Asian calendar – Preview April 15, 2024
- Technical Analysis – Goldman Sachs stock gains on strong earnings April 15, 2024
- Trading Signals for ETH/USD (Ethereum) for April 15-17, 2024: buy above $3,125 (200 EMA – 2/8 Murray) April 15, 2024
- Analysis for EUR/USD on April 15th. Monday – a tough day for the euro April 15, 2024
- GBP/USD: trading plan for the US session on April 15th (analysis of morning deals) April 15, 2024
- EUR/USD: trading plan for the US session on April 15th (analysis of morning deals). Euro is at an impasse April 15, 2024
- GBP/USD: Will sterling hold steady against dollar? April 15, 2024
- Technical Analysis – USDJPY rallies to another fresh 34-year high April 15, 2024
- Will Netflix earnings take the share price closer to its record highs? – Stock Markets April 15, 2024
- EUR/USD. April 15th. Bulls panic and retreat from the market April 15, 2024
- GBP/USD. April 15th. The dollar gains confidence April 15, 2024
- Weekly forecast based on simplified wave analysis for GBP/USD, AUD/USD, USD/CHF, EUR/JPY, AUD/JPY, and the US Dollar Index April 15, 2024
- XM’s Heartfelt Ramadan Iftar Support April 15, 2024
- Weekly forecast based on simplified wave analysis of EUR/USD, USD/JPY, GBP/JPY, USD/CAD, NZD/USD, and Gold on April 15th April 15, 2024
- Technical Analysis – US 500 reverses towards 123.6% Fibonacci April 15, 2024
Technical summary:
The rally from the 1.4787 has extended more than expected. Now, the pair is heading for the 50% corrective target at 1.5475. We expect this resistance to protect the upside for a break below minor support at 1.5325 and more importantly below support at 1.5267 that would call for a decline to 1.5065 and lower. The risk is that support at 1.5065 will be able to protect the downside for a rally to above 1.5475 confirming that an important bottom was found already at 1.4787.
Trading recommendation:
We took profit and reversed our long EUR position from 1.4855 to a short EUR position at 1.5145 for yet another nice profit. We have placed our stop at 1.5500 (forced by the strong rally higher to towards 1.5475). We will try to move the stop lower as quickly as possible.
The material has been provided by InstaForex Company – www.instaforex.com
Related Posts: